📊 Analysis:
Amazon Deal: Tapestry's groundbreaking deal with Amazon to sell Coach bags.
Acquisition: Planned acquisition of Capri Holdings for $8.5 billion.
Revenue Growth: Record revenue and anticipated stable long-term growth.
📈 Bullish Sentiment:
Entry: Suggested entry above the $39.00-$40.00 range.
Upside Target: Aiming for an upside in the $66.00-$68.00...
Tapestry Inc is testing the neckline of an inverted head and should pattern with price above all MAs(8,21,34,50,100,200) and all MAs in bullish order. This indicates a bullish price trend.
The lower PPO indicator show the green PPO line rising and above the purple signal line indicating short-term bullish momentum. Both lines trending above the 0 level...
Sign of Reversal to bullish trend
- Candlesticks challenging MA200 , possible to stay above it
- If we take a look at ichimoku indicator, candlesticks moving above cloud & lagging span moving above candle sticks (Signs of bullish trend)
-Retracement line R3 retrace approximately 0.78fib of Line C, stronger than R2 retracement 0.6fib
-Downtrend line c which form...
$TPR #Tapestry!
1D Chart of my wife's favourite fashion #stock - they own #Coach & #KateSpade!
Concept: Use profits earned from capital appreciation in this stock to buy more Coach and Kate Spade products!
CHARTS:
- 1st SuperTrend BUY triggered.
- #VCCB candle - Olive green! (Indicates Strong buying volume >100% but <150% of its average 21Days.
- Look at Fib...
$TPR posted a weekly gain of +6.79% to close at it’s 52-weeks high at $42.14. The price acceleration was induced by a technical breakout of a Bullish Wedge chart pattern along with its 4 months trend channel, that was broken out with an 28.6% increment in its daily average volume.
At the current junction, $TPR immediate classical resistance level is at $45 which...
